Prosper Raises New Funding, Loses Unicorn Status
Alternative lending startup Prosper raised new funding in a Series G last week, with the $50 million round bringing its ...
Tag: Alternative Lending
CFPB Reassures Fintechs with ‘No-Action’ Letter for Upstart Network
Online lending service Upstart Network has received a “no-action” letter from the Consumer Financial Protection Bureau, the first such letter ...
SoFi CEO Mike Cagney to Step Down
Mike Cagney, the chief executive officer of online lender Social Finance, better known as SoFi, will be leaving his role ...
China Rapid Finance Is Expecting to Add 3M New Borrowers by End of 2017
EXCLUSIVE — Shanghai-based online lender China Rapid Finance reported a 240% growth in consumer loan volume year-over-year and is expecting ...
Credibly Continues Growth With $500M Origination Milestone, BizFi Portfolio
EXCLUSIVE -- Leading “fin-data” SMB lender Credibly will now be servicing the portfolio of competitor lender BizFi, adding BizFi's $250 ...
LendingRobot, NSR Invest Merge to Create New Roboadvisor
Alternative investing service NSR Invest will combine with roboadvisory LendingRobot to form a new roboadvisor platform in the alternative lending ...
Mortgage Lenders Should Take Hints from Spotify
What do mortgage lending and music streaming have in common? More than one would think. In fact, mortgage lenders could ...
SoFi Is Building the ‘Banking Model’ of the Future
Relationship-banking is top-of-mind for financial institutions, but in many cases, that does not translate into real actions. That’s according to ...
Who’s Who in Alternative Banking Solutions
Open banking, virtual branches, machine learning, and AI -- these are just some of the pieces of the alternative banking puzzle. ...
Affirm Looks To Launch Everyday-Use Virtual Cards
Affirm, the lending startup that provides loans at the POS, is looking into launching everyday-use virtual credit cards, Bank Innovation ...
